Codelco’s tough copper supply task

The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

The company estimates the target’s surface foot print is 500 metres long by up to 100 metres wide, it remains open in all directions.

The miner, the world's largest primary silver producer and Mexico's No. 2 gold company, expects production of the grey metal to fall this year to between 58 and 61 million ounces.

The Responsible Mining Foundation says companies gain from strengthening their ability to ‘know and show.

The miner produced 220,000 tonnes of the red metal in the three months to December, up 16% from the previous quarter, boosted by higher throughput and improved copper grades.

Copper price volatility is likely to be skewed to the upside.

A research report by Wood Mackenzie states that electrification and automation will be a key priority for global mining companies.

"It is like when you look in your closet on a morning and you only look for pants"